How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at 7.5% compounded monthly? O A. P1,842.40 O B. P1,884.90 O C. P1,759.60 O D.P1,800.63
How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at 7.5% compounded monthly? O A. P1,842.40 O B. P1,884.90 O C. P1,759.60 O D.P1,800.63
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:QUESTION 23
How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at 7.5% compounded
monthly?
O A. P1,842.40
O B. P1,884.90
O.C. P1,759.60
O D.P1,800.63
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